Section 1224X — Corporations Act 2001: Temporary corporate director fails to initiate appointment of permanent corporate director

(1) This section applies if: (a) a temporary corporate director is appointed by the Court under section 1224V; and (b) the temporary corporate director fails to call a members’ meeting to consider and vote on a special resolution choosing a company to be the permanent corporate director within the period applicable under subsection 1224W(3). (2) An application to the Court for the appointment of a temporary corporate director of the CCIV under section 1224V may be made by any of the following: (a) ASIC; (b) a member, or group of members, of the CCIV.